The most probable cause is that you're using Microsoft's built-in software OpenGL which only supports version 1.1. You do need to update your video card driver, and NVIDIA drivers are normally very clean in the update process, so you need to give more information on how you tried to update it. Did you try through Windows update or did you go to the NVIDIA website? Did the installer run through all the way? Did it give a "success" message at the end or an error message? If it gave an error message, what did the error message say? Can you run any other OpenGL programs (such as the Extensions Viewer)? If so a second possible cause is that the Corona SDK is initializing OpenGL incorrectly on your system (I have no experience with it so I'm just guessing here).